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On November 19, Nicholson Company receives a $15,000, 60-day, 8% note from a customer as...

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Accounting

On November 19, Nicholson Company receives a $15,000, 60-day, 8% note from a customer as payment on account. What adjusting entry should be made on the December 31 year-end? (Use 360 days a year.)

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